Starting Dynare (version 6.3).
Calling Dynare with arguments: noclearall
Starting preprocessing of the model file ...
Ramsey Problem: added 15 multipliers.
Substitution of exo leads: added 1 auxiliary variables and equations.
Found 15 equation(s).
Found 33 FOC equation(s) for Ramsey Problem.
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Finding the optimal block decomposition of the static model...
5 block(s) found:
  4 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 26 equation(s)
                                 and 26 feedback variable(s).
Computing dynamic model derivatives (order 1).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
5 block(s) found:
  4 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 26 equation(s)
                                 and 26 feedback variable(s).
Computing planner objective derivatives (order 3).
Preprocessing completed.
Preprocessing time: 0h00m00s.

STEADY-STATE RESULTS:

w1              		 0.921177
w2              		 1.12349
T1              		 1.43937
T2              		 1.33401
pi12            		 0.331676
pi21            		 0.31501
x1              		 1.39108
x2              		 1.44263
r1              		 -2.49245
r2              		 -2.49245
taux            		 0.729938
pi11            		 0.668324
pi22            		 0.68499
P2              		 0.267312
riskfree1       		 1.1
riskfree2       		 1.1
rmul            		 0

--------------------------------------------------------
MODEL SIMULATION:

Iter: 1,	 err. = 2.06767,	 time = 0.373465
Iter: 2,	 err. = 474.967,	 time = 0.212355
Iter: 3,	 err. = 174.071,	 time = 0.184953
Iter: 4,	 err. = 63.4641,	 time = 0.146286
Iter: 5,	 err. = 22.7736,	 time = 0.128964
Iter: 6,	 err. = 7.8249,	 time = 0.11603
Iter: 7,	 err. = 2.393,	 time = 0.111297
Iter: 8,	 err. = 0.537517,	 time = 0.112283
Iter: 9,	 err. = 0.0528231,	 time = 0.112798
Iter: 10,	 err. = 0.000741975,	 time = 0.111388
Iter: 11,	 err. = 1.70081e-07,	 time = 0.116132

Total time of simulation: 3.19473.
--------------------------------------------------------


Perfect foresight solution found.

Total computing time : 0h00m04s
